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Coronavirus, Slack earnings, inflation data

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Coronavirus, Slack earnings, inflation data

Postby ritcha on 09 Mar 2020, 06:45

Investors will be bracing to another potentially volatile week ahead, as coronavirus infections surpassed 105,000 globally with almost 3,600 confirmed deaths, according to the World Health Organization on March 8. The rapid spread of the virus around the world has rocked global markets. Last week, the S&P 500 (^GSPC) swung 2% in both directions in four consecutive trading sessions.[Here’s what happened on Friday’s trading session.]“At one end of this tug-of-war, the coronavirus is causing economic disengagements and will fuel a series of awful economic data reports, negative corporate earnings revisions and financial distress for some companies,” Allianz Chief Economic Advisor Mohamed El-Erian wrote in a Yahoo Finance column over the weekend. “These cascading economic ‘sudden stops’ involve a phenomenon that’s extremely rare in advanced economies: simultaneous supply and demand dislocations.”[Read more: Six things investors should remember amid extreme stock market volatility: El-Erian]Consumer price index (CPI)On the economic data front, investors will get the latest CPI data ahead of the market open Wednesday. Economists polled by Bloomberg expect the Consumer Price Index, excluding the volatile food and energy components, rose 0.2% in February, following a strong increase last month. more >>slotxo
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